To determine Nathaniel's dollar return from his stock investment, we need to follow a step-by-step process.
1. Calculate the total amount spent on purchasing the shares:
Nathaniel bought 60 shares and the price per share was [tex]$29.25. So, the total amount spent on purchasing the shares can be calculated as follows:
\[
\text{Total Purchase Cost} = \text{Number of Shares} \times \text{Purchase Price per Share}
\]
\[
\text{Total Purchase Cost} = 60 \times 29.25 = 1755
\]
2. Calculate the total amount received from selling the shares:
Nathaniel sold 60 shares and the price per share was $[/tex]38.50. So, the total amount received from selling the shares can be calculated as follows:
[tex]\[
\text{Total Selling Income} = \text{Number of Shares} \times \text{Selling Price per Share}
\][/tex]
[tex]\[
\text{Total Selling Income} = 60 \times 38.50 = 2310
\][/tex]
3. Calculate Nathaniel's dollar return:
The dollar return is found by subtracting the total purchase cost from the total selling income:
[tex]\[
\text{Dollar Return} = \text{Total Selling Income} - \text{Total Purchase Cost}
\][/tex]
[tex]\[
\text{Dollar Return} = 2310 - 1755 = 555
\][/tex]
Therefore, Nathaniel's dollar return from his investment is $555.
